MetLife, Inc. (NYSE:MET) Stake Lessened by Pathway Financial Advisers LLC

by · The Markets Daily

Pathway Financial Advisers LLC lessened its position in MetLife, Inc. (NYSE:MET – Free Report) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,311 shares of the financial services provider’s stock after selling 385 shares during the period. Pathway Financial Advisers LLC’s holdings in MetLife were worth $2,189,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of MetLife by 54.9% in the first quarter. National Bank of Canada FI now owns 371,062 shares of the financial services provider’s stock valued at $26,983,000 after buying an additional 131,538 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of MetLife in the 1st quarter valued at $1,053,000. Entropy Technologies LP increased its stake in MetLife by 38.3% in the 1st quarter. Entropy Technologies LP now owns 30,473 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 8,440 shares in the last quarter. M&G Plc acquired a new stake in MetLife during the 2nd quarter worth about $2,346,000. Finally, Canada Pension Plan Investment Board lifted its stake in MetLife by 53.0% during the first quarter. Canada Pension Plan Investment Board now owns 618,650 shares of the financial services provider’s stock valued at $45,848,000 after buying an additional 214,367 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MET shares. Jefferies Financial Group lifted their target price on shares of MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Citigroup boosted their target price on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. TD Cowen assumed coverage on MetLife in a research report on Wednesday, October 9th. They set a “buy” rating and a $97.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, August 19th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, MetLife presently has an average rating of “Moderate Buy” and a consensus price target of $88.46.

Read Our Latest Analysis on MetLife

MetLife Stock Down 2.3 %

MET stock traded down $1.97 during trading hours on Friday, hitting $82.39. The company’s stock had a trading volume of 3,114,659 shares, compared to its average volume of 3,293,482. The company has a market capitalization of $58.59 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The stock has a 50 day moving average price of $79.81 and a two-hundred day moving average price of $74.49. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 12 month low of $57.91 and a 12 month high of $86.94.

MetLife (NYSE:MET – Get Free Report) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, topping the consensus estimate of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The firm had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $18.57 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that MetLife, Inc. will post 8.58 earnings per share for the current year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is 74.91%.

MetLife Profile

(Free Report)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

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